‘A taste of things to come’: Italian services activity plunges to 11-year low as national lockdown weighs

Italy’s services activity contracted sharply in March, signaling the national lockdown is hammering the nation’s economy. IHS Markit’s Purchasing Managers’ Index (PMI) for the services sector shrank from 52.1 in February to just 17.4 in March, a record 34.7 p…
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